Nintendo: Wii U hardware still has a negative impact on Nintendo's profits

Nintendo's "Wii U hardware still has a negative impact on Nintendo's profits", that's the bottom line from Nintendo even though sales are up, according to the Japanese gaming giant.

In the company's latest earnings report, Nintendo said it had sold 300,000 Nintendo Wii U consoles in the last 90 days. That's double the previous 90 days, but still pales in comparison to the number of iPad Apple sales, Xbox 360 sales and PS3 sales on a daily basis

It's also a far cry from the projected 9 million consoles it had hoped to sell by March 2014 - it has currently sold less than half of that (3.91 million).

With the Xbox One and PS4 launches due in November, interest for Nintendo's next-gen console is only like to wane further too.

It's not all bad news, as the handheld devision continues to do well with Nintendo selling 2 million 3DS and 3DS XL consoles, taking the total tally up to 35 million and that's without factoring in the success of the new Pokemon titles or the new 3DS handheld console.

But ultimately it looks like the Wii U is still hindering rather than helping Nintendo.